i am david westin good welcome to that david westin. welcome to "bloomberg markets: balance of power." kevin cirilli on what a democratic house could mean. and the ross thomas from london on brexit hopes. let's start with kevin cirilli. maybe the democrats taking over the house. what would that mean for president trump? president trump is aggressively hitting the campaign trail as he tries to reactivate his conservative base. this is as polls tighten with the democratic base fired up for the midterm elections. consultants and lobbyists are busy gaming what it means should the democrats take control of the house. congresswoman maxine waters, a progressive from california, a

i am david westin good welcome to that david westin. welcome to "bloomberg markets: balance of power." kevin cirilli on what a democratic house could mean. and the ross thomas from london on brexit hopes. let's start with kevin cirilli. maybe the democrats taking over the house. what would that mean for president trump? president trump is aggressively hitting the campaign trail as he tries to reactivate his conservative base. this is as polls tighten with the democratic base fired up for the midterm elections. consultants and lobbyists are busy gaming what it means should the democrats take control of the house. congresswoman maxine waters, a

i am david westin good welcome to that david westin. welcome to "bloomberg markets: balance of power." kevin cirilli on what a democratic house could mean. and the ross thomas from london on brexit hopes. let's start with kevin cirilli. maybe the democrats taking over the house. what would that mean for president trump? president trump is aggressively hitting the campaign trail as he tries to reactivate his conservative base. this is as polls tighten with the democratic base fired up for the midterm elections. consultants and lobbyists are busy gaming what it means should the democrats take control of the house. congresswoman maxine waters, a progressive from california, a frequent critic of this administration, would be next to take over the house finance committee. pushing thatre narrative, saying that should be democrats take control of the house, it would mean impeachment proceedings that could stand in the way of getting president trumps agenda back on track. david: let's go to trade negotiations. what is going on? michael: it is a

i'm david westin.e turn to mark crumpton for first word news. >> deputy attorney general rod rosenstein, the official in charge of robert mueller's russia investigation has verbally resigned to john kelly. tell bloomberg rosenstein delivered his resignation to general kelly last week. it is unclear whether he is planning to follow through with a formal resignation. this follows reports he suggested to colleagues he would secretly record conversations with president trump. we will have more on this story in a few minutes when we speak with a former u.s. attorney. the president is pledging his support for brett kavanaugh. today, theed nations president was asked about new alegations published, citing second woman who says cavanaugh assaulted her while they were students. kavanaugh andudge i look forward to a vote. woodworkme out of the from 36 years ago and 30 years ago and never mentioned it, all of a sudden, it happened. in my opinion, it is political. yorke president is in new for the general assembly

this is bloomberg. ♪ ♪ watching "balance of power," i'm david westin. ho live in the northeast may feel the pinch of the tax cuts. how does it look from the other end? bob buckhorn, mayor of tampa. welcome, mr. mayor. bob: thank you. david: give me a snapshot of how tampa is doing? >> we are booming. we crawled out of the wreckage like a phoenix and rose to become a place in america where the best and the brightest are corporatemost every relocation, tampa is in that conversation, we were not 10 years ago. it is exciting. we had transformed the city. that campus laggard is back. swagger is back. ared: a lot of people moving from connecticut, new york, new jersey, down to florida. are you seeing people coming because of the tax changes. mayor buckhorn: that has been ongoing for a number of years. i have taken a number of trips to the northeast to attract companies. florida is a low tax state, no personal income. you will be given to a pay raise. with the salt limitations, there is additional incentives for high wealth individuals to move or companies to r

he shares them with our colleague, david westin. jason: here is some of his interview. 0, the percentage of gdp taxes has gone from 4% to 2%. the percentage in health care has gone from five to -- you are now involved in a joint venture with jpmorgan. how are you going to bend that cost curve as a practical matter? lauren: i wish i knew. get the smartest people we can working on this. and basically give them free reign. and not expect something is going to happen next year or the year after. every dollar has a constituency. you cannot just chip a little bit here and there. we are not in a hurry as we would like to be, but we are not going to try and move something faster than it could be done. david: what is being done? warren: hiring people. there is a focus on looking at the system and saying, can the system check this percentage of gdp growing higher than any other country and can it be done to deliver a better product for patients? david: when you try to bend the cost curve, you either spend less than what you are getting already or you get less. how much of this wil

i am david westin.y marks 10 years since lehman brothers collapsed and helped trigger the biggest financial crisis since the great depression. a lot of work has been done since then to make sure it doesn't happen again. was assistant secretary of the treasury and director of affairs for former speaker dennis has to. thank you for joining us. from a financial point of view, are we in better shape than what we were hearing from jamie dimon over the weekend? >> we are significantly stronger and the reason for that is that these institutions hold significant amounts of capital and liquidity since the crisis. stronger, forward-looking supervision that we did not have before the crisis. we have a process in place to create systems that serve the economy at all times. we have new tools that institutions and the government have worked together on to us stressed institution has a process in place to safely unwind and manage that situation as well. david: we have a different chair thehe fed, randy quarles vice ch

i am david westin. we turn to mark crumpton.k: the odds are increasing that president trump will freeze canada out of the trade deal. even though nafta talks are picking up, a deal is unlikely to be reached. the countries remain at odds on dairy products and panels used .o respect -- resolve disputes president trump has proceeded with mexico only. new home construction rose to a three-month high in august. residential starts were up more than 9% to an annualized rate of 1.3 million. home-building is struggling to stabilize. senator chuck grassley, chairman of the judiciary committee spoke to reporters, saying there are four different ways christine ford can speak with the panel over allegations she brought accusing brett kavanaugh of sexually assaulting her. >> we are doing everything that we can to make dr. ford comfortable with coming before a committee, either in an open session or a closed session, or a public or a private interview. mark: in a letter to the judiciary committee, her lawyer maintains she is prepared to cooper

i'm david westin.9/11 and we remember those who lost their lives 17 years ago, and today is a good day to reflect on the war, this marks 17 years since we began out war and just last week a survivor of the 9/11 attack at the pentagon, general john nicholson jr., said it is time for this war in afghanistan to end. we welcome two experts to give us their views. michael o'hanlon is a senior fellow and foreign potash in foreign policy at the brookings institution. he joins us from washington. welcome. , thee have karen greenberg director of national security at fordham school a lot. michael, let's start with you. we have a tendency to overlook this war, give us an update on how much money we have spent and how many people have been lost over the last 17 years? >> as you say, it's a good day to commemorate, and always a somber day. i cannot cheer things up too much by talking about the state of afghanistan. if you are hopeful you can think of it as the government being in control of the major cities most of

i am david westin.e turn to mark crumpton with the first word news. >> president trump defending brett kavanaugh against allegations of sexual assault. the president tweeted that his supreme court nominee is "a fine man with an impeccable record -- reputation who is under saw by radical left-wing politicians." the president has questioned why like user christine blasey ford -- accuser christine blasey ford did not file charges when he allegedly assaulted took place. has said -- the justice department internal watch job best watchdog has been asked to look at documents from the russian mitigation company president had earlier ordered the documents declassified and he said then that that that would explain -- expose really bad things at the fbi. theresa may is sticking to her guns when it comes to brexit. she says divorce negotiations with the european union are at an impasse. the two sides divided over the irish border and the future economic relationship. theresa may said -- >> no one wants a good deal

i'm david westin.'s get a check on the markets. we turned to bloomberg's julie hyman. julie: technology stocks are underperforming today. composite and 100 both down 1%. even as the dow and s&p hold up much better. just glancing at the dow chemical appellant, walmart, coke, verizon, some of the out performers within that index which are helping it stay above water. at least for the moment. let's look at the companies who's executives have been testifying here. facebook down more than 1%. twitter down 5%. its losses has been accelerating even as jack dorsey has been testifying. aboutof concerns regulation of these various companies. twitter is the smallest by far. most potentially have the to lose. we will keep watching the reactions as the hearings unfold. the damage is not just limited to these companies. broader selloff within technology, with the exception of apple. it has turned around. microsoft, amazon, now back below the trillion dollar threshold. netflix, falling on the day. we also have been w

i'm david westin. trump has made no secret about his concerns about social media companies suggesting they are both too big and biased on the way they treat conservative voices. the white house is directing agencies to report back to the president on their review of the big tech companies. jeff sessions met with the attorneys general of 24 states to learn what they have found about antitrust or consumer protection violations. welcome one of those attorneys general joining us today from washington. thank you for coming over. what can you tell us? >> it was a healthy conversation. eight bipartisan groups. it was an open conversation. focused on the issue of privacy and how we address the issues of privacy. some conversations about antitrust and how that fits in. >> there were 24 invited. 8 showed up? >> we had eight present and two or more joined by phone. we had other representatives in the room as well. , there what we have seen are two areas of concern. competition or antitrust law, too little competi

david westin is in chicago. what is next now? i don't how we go forward. david: chicago is riveted to the tv screens yesterday -- was riveted to the tv screens yesterday. republicans say they are going to have a vote this morning on this nomination, which i would've said just watching that , you would think just wait they are going with it. we deal with that was senator flake and senator collins? they talked about how they interpreted it yesterday and how to go forward. there will be less trading going on in some cases. david: they can only afford, the republicans, to lose one vote. you just named three senators who are up in the air. anyway it comes out, you have to think about changes made in the supreme court. if he does become a supreme court justice, what will be his attitude toward the media? in the senate, i don't think they will be able to repair the relationships. alix: the american bar associated wanted a delay and the drama keeps happening. you are in chicago here i hope you had a deep dish pizza, you have a blue shirt on, and things are getting

from new york, i am david westin. welcome to bloomberg balance of power. we have breaking news about goldman sachs. the future leadership of goldman sachs is coming to focus. david solomon is new ceo. >> buddy john has been working with david solomon. we reported he would be rising. he goes back to the bear days with david solomon. it has been a long time coming. when you are ceo, you want new people at the helm. the current cfo will be taking charge of the trading desk. led the consumer bank and he is rising as well. : what does this tell us about the future direction of the bank? you have now a couple of investment bankers. does that mean they will double down on investment? >> it is a good place. that is the question. it is competitive. morgan stanley and goldman sachs -- goldman sachs have been the connect. there is m&a to think about. it is come tentative among the top three, morgan stanley, goldman sachs, and jpmorgan. at the same time, for goldman, they have to work on a lot of the consumer initiatives. david: and get trading back on track. >> i woul

we are joined by bloomberg's david westin who is joined by a top audi executive. vid: we are joined by scott keogh. you got your first all electric vehicle. why now? i think we've hit the perfect time. the market acceptance is building each and every day. the second thing of course, we want it to launch with what we call a proper audi. not a quirky car. a full stop audi that is electric. and with the cost of batteries and the technology we can put ourselves in a position to make a profit as well. those three things came together that's when we want to hit the markets. what's the price roughly on this vehicle and why did you pick that price point? >> because we want to sell this vehicle. we want to make a little bit of profit. the car is $74,800. that is where the market is. it's the largest chunk of vehicles and we wanted to make sure we put one right in the sweet spot of where the consumer is. david code this isn't the last -- you have a plan to ramp up over the next several years. are you going to go for the inexpensive models? the model three? first threeur vehi

he spoke with david westin. crisis brought out, in some ways, the worst in america in terms of greed and the problems in our regulatory systems and so on. but in the end, people came together. i would really like to believe, if we, god for bid, had another crisis like this, that the country could come together. but you are right, the things we did are so unpopular that i think it is going to make it even more difficult for our successors. vonnie: and it was a scene reminiscent of the miracle on the hudson when a crash -- when a jet crash landed in the water. there were 47 people on board and all survived. dozens of small boats came out to rescue the passengers and crew. global news, 24 hours a day -- global news, 24 hours a day on air and on tictoc on twitter. powered by more than 2700 journalists and analysts in more than 120 countries. chandra, this is bloomberg. --nie: back to tesla, shares after the sbc accused elon musk of misleading investors with his going private tweet next month. they are also looking t

scott keogh there with david westin.c car wars are heating up, and will be covering that more in coming weeks. coming up, november midterms are just around the corner, but as both parties fight to win control of congress, the threat of al qaeda forces meddling with results remain. will discuss how well prepared the u.s. is with less than 50 days to go. this is bloomberg. ♪ emily: the prime time in the awards on netflix top the table for plenty of fodder for jokes. >> netflix had the most nominations tonight. and if you are a network executive, that's the scariest thing you could possibly here, etc. maybe, sir, row is online one. emily: the streaming service took way seven awards and a record 23 wards overall. i've ever company that started out as a mail-order dvd service. the less than 50 days until u.s. midterm elections and the results will largely impact the next two years of donald trump's presidency. democrats are hoping to take back control of congress while voters will get their first chance to express discontent

. ♪ is balance of power, i am david westin chicago.et's get to the first word news with mark crumpton. as the senate judiciary committee prepares to vote this afternoon whether to send the supreme court nominee up brett kavanaugh to the full senate, brett kavanaugh has picked up a key supporter in his fight for a nomination, arizona republican jeff flake says he will vote to send the nomination to the full senate. susan collins says she has not made up her mind yet. still not clear whether kavanaugh will be confirmed by the entire senate. a procedural vote may be held tomorrow and a final vote next week. committee democrats richard blumenthal of connecticut and kamala harris of california walked out of the meeting this morning in protest after their request for a committee vote be delayed or denied. deputy attorney general rod rosenstein has agreed to speak privately with house lawmakers but not clear when the meeting will take place. republican leaders say they have asked him for a meeting and threatened to subpoena him if he refused

emily: bloomberg's david westin with the audi ceo.ing up, amazon's refreshed product line was unveiled this week. we have all of the details coming up next. this is bloomberg. ♪ to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. emily: welcome back to best of "bloomberg technology." i'm emily chang. amazon held a surprise product launch in what is an annual affair. the senior vice president joined me immediately after the new lineup was revealed. david: the new echo dot was a great seller for us. it's been the best-selling speaker ever. we've improved it a lot of different dimensions and we think people will love the better sound. also, the new echo show has a brighter display and it continues on our past to have alexa show you things. i would be remiss to talk about alexa auto. it's a new pro

i am david westin.> the homeland security department is pushing back against the u.s. senator's claim that the trump administration transferred nearly $10 million from the government's disaster relief agency to immigration enforcement. an oregon democrat says the administration was taking money form the amount response and recovery at a time when hurricane florence is very down on the southeastern u.s. administer said today the and missed ration is prepared to handle the storm. >> we have plenty of resources to respond and recover. that has not impacted our situation whatsoever. >> hurricane florence has shifted slightly to the south and is now threatening to slam a and area of the coastline may come ashore near myrtle beach, south carolina tomorrow night or early friday. we will look at the economic effect -- economic impact of hurricane florence with carl riccadonna in a few moments. as the federal government prepares for hurricane florence, president trump insists his administration's response to the

david westin is on assignment in chicago. david: i wonder who they were talking to.laying nice? i'm not sure. i am in chicago for the council on global affairs. i will have an interview with hank paulson to talk about what is happening and also about china and climate. meantime, christie hefner ran playboy enterprises for some time, and we will talk about what is going on an entertainment and the media industry. alix: we're looking forward to that. media is the topic to talk about. a look at the markets. the dow pretty much flat. s&p futures up by two. euro-dollar down .2%. in had stronger inflation saxony, but the italian budget crisis is being felt. in the u.s., not a lot of music -- movement. 1%.e up by the secretary of energy saying they will not release extra oil from the fpr despite higher oil prices. 5,on't know, come november will that be a different conversation? potentially. david: exactly, midterms are looming. time for the morning brief. data thist economic morning, including a third reading of u.s. gdp, durable goods, weekly jobless claims, and wholesale

i'm david westin.et's turn to mark crumpton for bloomberg first word news. david, a third woman has come forward accusing supreme court nominee brett kavanaugh of sexual misconduct. michael avalon he has released a statement on behalf of his client, taking -- claiming kavanaugh took part in efforts during high school to get gross drunks avoids could rape them. his klein said she was a victim of one of those -- client said she was a victim of one of those sessions in the 1980's. judge kavanagh is expected to again deny the allegations of sexual misconduct by mentioning "he wasn't perfect and quite -- school and high sometimes he would drink to excess. made thedent accusation during a un security council briefing today. china denies the allegation. the president also issued a warning to iran, which he called "the world leading sponsor of terror." tough sanctions are due to kick in against iran in november. the president warned there would be what he called severe consequences for any nations that defy th

much more on the story coming up in a few moments when we speak with david westin and interviewed the formal independent counsel ken starr. that coming up. -- more on that coming up. president trump wants more tariffs on $200 billion more of chinese rocks. he wants to proceed with the tariffs despite his treasury .ecretary's attempts the chinese have retaliated with tariffs on an equal amount of u.s. exports. global news, 24 hours a day, on-air, online at tic-toc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. ♪ amanda: live from toronto, i'm amanda lang. vonnie: and i vonnie quinn, welcome to "bloomberg markets." we are joined by bloomberg nbn and audiences. amanda: the top stories we are following from around the world. trump getsuck -- tougher on trade, he wants to hundred billion dollars more in china tariffs despite the recent moves to restart talks. we speak with carla hills and moments. paul manafort pleads guilty, the trump campaign chairman will cooperate with special counsel robert mueller's tea

i'm david westin. the plaza hotel in new york city, site of the bloomberg global business forum. alix, you are holding down the fort at the studio. alix: you have had some great interviews, as well as angel gurria, who says global trade is still happening, we are only in the beginning innings. that was interesting to me. he is predicting rather than just hoping. we have a great interview coming up. i'll be sitting down with roger ferguson, ceo of tiaa. we will talk about the fed, as well as where you are with pensions. alix: ahead of the fed meeting, it is pretty much buy everything except commodities. s&p up by four. feels like buy the rumor, sell the news. in other asset classes, the dollar gaining strength throughout the section. euro-dollar down .3%. the budget in italy, blowing up right now, the five-star movement wants more money but you have investors in the market buying bonds. yields down by five basis points. in the u.s., the flatter curve at 24 basis parents -- point. let's get an update on

iloomberg am david westin here with alix steel.here is a lot of turmoil at the white house. >> what are you going to read? the question, one is, if it is bad, what does that mean? isn't that what we thought was going on? aidesthe question are his and people behind the scenes. disregard him and not do what he says. alix: we will discuss this. in the markets, risk off field. -- field. s&p off by six. pmi datatively solid for services out of europe. the peripherals weaker. -dollar flat, now a mixed the story. the rand, another low. the lowest level in a few years, %.wn 1% t jack dorsey and sheryl sandberg testify on russian and election interference, google a possible no-show. 9:30, hearings on the nomination of judge brett kavanaugh. goes back into negotiations with washington to reach an agreement on its staying in nafta. now we are joined by gina martin adams and marty schenker. the big story is em. we talked to the south african finance minister. the rand is the lowest in two years. he says it is one of the most traded currencies

all: from bloomberg's world had orders in new york, i am david westin aaron welcome to bloomberg marketshair and here are the top stories. order in the court, senate hearings on the nomination of judge kavanaugh with a bang as democrats complained that documents have not been turned over. no canada, nafta negotiations failed to reach a's a deal by the weekend. trump says he will be fine if canada is left out altogether. withmany begins in earnest an audience more divided than ever. ♪ david: there was a day when supreme court nominations were partisan fray. but no more. as hearings today can i get past the introduction be

with -- david westin with alix steel.ent putting $200 million into fannie mae and freddie mac. it was early stages of the financial crisis. 10 years ago this coming sunday is when lehman brothers was. i am having a hard time talking because it is a different world we were in. in terms of the next crisis, i am struck by the fact that we're talking about the financial crisis, and president trump's latest tweet is about the woodward book. we have moved from a financial crisis to the white house seeming paralyzed. david: i read the hank paulson book recently, and whatever you think about the administration, george w. bush, ben bernanke, they were focused on this. they had their act together. they were organized and disciplined. i don't know that this white house would be in a position with a crisis like that. alix: the rhetoric does not match up with what comes out in terms of policy. speaking to will be the biggest voices from that time. we will be talking with cheryl palmer on monday. tuesday, former fed governor dan .arull

yvonne: that was the bp ceo bob dudley speaking to alix steel and david westin.ng up, the former google china president says some chinese tech is already way .head of u.s. peers we have had thoughts on the tech race. that is on the way. ♪ rishaad: we are back. this is "bloomberg markets: china open." having a look at some stores trending across the bloomberg universe. tictoc has sold the latest news from the united nations general assembly. video feeds of key speeches as well. meanwhile,bscribers, the surprise move by buying sometime there -- bank santander. we have a look at asia's $22 trillion succession problem, business is grappling with handing over the reins to dozens s as they fightr it out. yvonne: technology lies at the heart of the ongoing trade dispute between d.c. and beijing. the made in china 2025 program, president trump has targeted sanctions. we have a former google china president speaking to bloomberg about who is winning the intellectual property race. >> the u.s. is ahead in research and basic technologies. china is faster at implementation,

david westin is in chicago. what is next now? i don't how we go forward. esterday -- was riveted to the tv screens

. ♪ from new york, i am david westin. welcome to bloomberg balance of power. ews about goldman sachs. the future leadership of goldman sachs is coming to focus. david solomon is new ceo. >> buddy john has been working with david solomon. we reported he would be rising. he goes back to the bear days with david solomon. it has been a long time coming. when you are ceo, you want new people at the helm. the current cfo will be taking charge of the trading desk. stephen scherr

david: from new york, i am david westin and welcome to balance of power, where the world of business theresa may putting it to europe. kevin cirilli on capitol hill on the confirmation of brett kavanaugh and president trump calls the question on china. first, london. we had a dramatic announcement from theresa may as she said she is sticking to her core, is this where we need to get to where brexit? >> it has been humiliating week for theresa may as she woke up to gruesome headlines in the newspapers after a terrible summit in salzburg, austria where she went hoping to have warm words from her fellow eu leaders but they rejected her so-called brexit plan for a future and she has come out and set it is not good enough and you need to show me some respect. she was angry and annoyed.

david: i am david westin and welcome to bloomberg markets: balance of power.rowth in august is the most since 2009, enough to keep republicans in power come november? the final day of the brett kavanaugh confirmation hearing, what did the supreme court nominee say about his views on government regulations and the business sector? europe's populist wave connected sweden -- could next hit sweden. critical elections this weekend. ♪ shery: hot august for the u.s. economy, adding 201,000 jobs, topping estimates. unemployment held at 3.9% always growth accelerated to 2.9%. larry kudlow had this to say. >>

he talked about trade with my colleague david westin. : trade is a function of equilibrium.ecisions because, sadly, a hurricane or some sort of fire can hit you. you are used to dealing with that. trade is policy. i have two beliefs. it has to be updated. it has to be modernized, so many things have changed. it has to be resolved fairly quickly. what we are urging our administration to do and when we are in china and europe, we say, you need to come to agreement quickly. david: from ford's perspective, the metals tariffs took about $1 billion from us. jim: we source most of that in the u.s. anyways. we are in a good place. but if it goes on longer, there will be more damage. david: are you making changes in the way you produce vehicles? really not. the trade did not change our thinking. we are more of an exporter and -- in that regard. lincoln is a hot product in china. we make that in louisville, kentucky. the 25% tariff has made the price of our lincoln not as attractive. we have had to move people in that factory to other operations because of that trade problem. >> with

bloomberg's david westin caught up with the president of audi for an interview are around the launchf that new all electric suv. he started by asking, why now? have had the perfect time. three things have come together. the market acceptance is building each and every day. secondly, we wanted to launch with a proper audi. not a quirky car. a full stop audi. and the third thing is the cost situation. we can put ourselves in a position a make a profit. when those three things came together, that is when we want to hit the market. >> let us pursue the question of cost. what is the price point of this vehicle? sell this vehicle. that is why we picked our price point and we want to make profit. the car is $74,800. it competes with the x five. that is where the market is. the largest chunk of vehicles. we won at put one in this weak spot. >> this is not the last audi electric, you have a plan to ramp up several in the next few years. will you go with a more inexpensive model? i think our first three vehicles are going to compete on the higher end. we would like to establish ourselves as th

. ♪ david: from bloomberg's world headquarters in new york, i'm david westin.o balance of power where the world of business meets the world of politics. president trump has just addressed to the yuan general assembly. bill, let's start with you here new york. the president had a wide-ranging speech. kevin: it was a more traditional speech from a u.s. later. there was not a lot of bombast or heavy rhetoric like last year when he called kim jong-un little rocket man. david: and you got a laugh. you don't see that in the general assembly very often. >> he said it was among the greatest achievements

one of the names at the forefront of this is governor jerry brown who spoke with david westin in sanrancisco about how to fight climate change without the help of the white house. >> we can make a lot of progress, but we need not only the u.s. government at the federal level allin, we need all of the countries in the world. that, we have the ability of states, california, new york, and others, all of these states are willing to do their part. we have to cut carbon emissions. you see the storms off of north carolina? that is the kind of thing that will happen more and more often and more and more deadly. reports you read, we can do a lot. we are supporting more installation of batteries, more renewable energy, so lots of things to do. ultimately, we need the leaders onevery country all-in combating climate change before it gets so deadly we see mass migrations, diseases, and widespread mass from suffocating heat -- mess from suffocating heat. you really need and want the support of the federal government. can they inhibit the progress you are making? there is a fight in california on

. ♪ ♪ david: i am david westin. welcome to balance of power., we go to washington where every day seems to bring more questions about the confirmation hearings of judge kavanaugh and regular reporting on where canada and the u.s. are trying to find an agreement on nafta and to salzburg. we left yesterday. i thought we would have hearings on judge kavanaugh on monday. is that true? kevin: we do not know. chuck grassley wants to move ahead with that scheduled hearing on monday with judge brett kavanaugh, as well as his accuser. what we don't know is whether or not professor ford will decide to testify. senator grassley saying he is willing to have the hearing in a public or private manner. he has not heard back. democrats coming to

. ♪ david: from the world headquarters in new york, i'm david westin.ance of power," where the world of business meets politics. kevin cirilli on capitol hill where judge brett kavanaugh's fate will be decided. the price of oil. and austria on brexit. kevin cirilli at the capital. kavanaughere judge sits now. kavanaugh sits now. i thought we would have hearings on monday? kevin: the senate judiciary committee, it is still unknown when it will take place. professor ford has until 10 a.m. tomorrow to formally respond whether or not she will participate in the monday hearing. brett kavanaugh still denying allegations from 36 years ago. the white house increasingly defending him. he has said he would like the opportunity to testify on the judiciary committee on monday.

. ♪ david: from new york, i am david westin, welcome to balance of power. in raleigh, north carolina, and sarah is in new -- thata social justice sarah, jeff-- will say maybe we should go after social media companies after the president said you should in august. >> the president has had a thought popular among some conservatives that social media companies have been censoring conservative ideas. there is no evidence to back that up. aboutare broader concerns how much control they have over our consumption and information here it -- information. too much power

this week passed bloomberg's david westin at opportunity to sit down with conversation with warren buffettgendary investor had plenty of insights to share. >> the stock market is really on a record. you have always drawn the distinction between price and value. are we seeing a run-up in value or price? >> values gain from year to year. youou own a business and use a portion of your earnings to build a business, you're going to have something to return year after year. market builds in value underlying value from year to year. bought my first stock when the dow was just under 100 when i was 11 years old, look at where it is now. >> one of the things you take a look as the total value of the stock market compared to gdp. if you look at paragraph, it is at the high point. it is the highest it has been. is this a better time to be fearful rather than greedy? >> i am buying stocks. i am buying them because i think they're going to be worth quite a bit more money 10 years or 20 years right now and i do not know if they are going to go up or down next week or next month. i know they are good busi

. >> he was speaking to bloomberg's david westin. one ceo saying airlines a word about the consequences of an escalating trade war, not to mention surging oil prices with brent crude at the highest since 2014. that discussion, coming up. this is bloomberg. ♪ haidi: it's a: 30 a.m. here in sydney where markets open in about 90 minutes time. did close outsion the tuesday trading session flat. quite a bit of uncertainty over trade and shared political development as well as domestic politics in washington, distracting investors as well. that's why we did see the wall street session ending lower. s&p seeing losses and the nasdaq seeing some gains. is 6:30n new york it p.m.. the 10 year yield putting pressure on rate sensitive sectors. let's get the first word news with jessica summers. jessica: the trump administration says is moving ahead on a trade do with mexico and will not wait for canada. trey representative robert lighthizer said the u.s. has not been at to bridge the gap with canada on dairy and assistance disputes. the central b

amid: live from chicago, i david westin and welcome to bloomberg markets: balance of power where thef politics meets the world of business. capitol hill from on the confirmation of brett kavanaugh and john mccormick in chicago on what the battle could mean for the midterms. and we talk about busting the italian budget. let's go to kevin on capitol hill. they are debating right now among the committee and will they take a vote today? >> we are anticipating at 1:30 this afternoon, the senate judiciary committee will vote to move judge kavanaugh's nomination to the senate for a vote anticipated, that mitch mcconnell would like next week and or the first half of this week. this --been modern monitoring this hearing where democrats are making the case that this needs an fbi investigation before moving forward and republicans arguing the opposite. it has been a day filled with more intense testimony from each lawmaker. again, all signs